Journal Entries

Owner contributes office equipment to the business.

• Dr Cash at bank
       Cr Capital
• Dr Capital
       Cr Office eqmt
• Dr Office equipment
       Cr Capital
• Dr Office equipment 
       Cr Cash at bank

Business paid cheque for rent expense.

• Dr Rent expense
       Cr Cash in hand
• Dr Rent expense
       Cr Cash at bank
• Dr Rent expense
  Cr Cheque
• Dr Cash at bank
       Cr Rent expense

Business purchased inventory with cash.

• Dr Inventory 
       Cr Cash at bank
• Dr Goods
       Cr Cash in hand
• Dr Purchases
       Cr Cash in hand
• Dr Inventory
       Cr Cash in hand

Received interest income in business bank account.

• Dr Cash at bank
       Cr Interest income
• Dr Cash in hand 
       Cr Interest income
• Dr Cash at bank
   Cr Interest expense
• Dr Cash in hand
  Cr Cash at bank

Owner took goods from warehouse home for his own use.

• Dr Inventory
  Cr Cash at bank
• Dr Inventory
  Cr Drawings
• Dr Drawings
  Cr Own use
• Dr Drawings
  Cr Inventory